Crypto Market Today, July 2: Bitcoin Breaks Away from Tech Stocks to Surge Above $61,000
As of early evening on July 2, Bitcoin (CRYPTO:BTC) rose 2.0% to $61,297.68, Ethereum (CRYPTO:ETH) rose 5.0% to $1,696.07, and Solana (CRYPTO:SOL) rose 4.6% to $80.71.
What's driving crypto markets
Yesterday’s comments from Federal Reserve Chair Kevin Warsh continued to buoy crypto markets today, as traders hoped easing inflation pressures might reduce the likelihood of rate hikes later this year. Bitcoin held above $61,000, giving holders hope that July might bring further recovery from June’s 21-month lows. Separately, Glassnode said long-term Bitcoin holders returned to net accumulation.
Crypto ETF snapshot
Money continued to move out of spot Bitcoin ETFs yesterday, with $296 million in total outflows. The iShares Bitcoin Trust lost almost $220 million in assets, while the Grayscale Bitcoin Mini Trust saw inflows of $36 million, perhaps due to its lower management fee. Inflows into spot Ethereum ETFs turned positive yesterday, after the iShares Ethereum Trust ETF attracted $23,290 in inflows.
What this means for investors
Cryptocurrency prices diverged from tech stocks today, as lead cryptos gained while the Nasdaq fell. However, Bitcoin remains in fragile territory, and investors are watching inflation and jobs data for hints about what the Fed might do next. Rate hikes tend to pressure riskier assets like crypto.
Solana, which has gained 20% in the past week, pushed higher after launching a new on-chain governance mechanism. The innovation-focused blockchain has recently attracted attention with several real-world projects, such as tokenized stocks and an on-chain prediction market. Today’s markets are focused on utility rather than speculation, making Solana an attractive long-term proposition.
Top 10 crypto performance
| # | Name | Price | 24h | 7d |
|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $61,430.00 | +2.7% | +3.7% |
| 2 | Ethereum (ETH) | $1,699.86 | +5.6% | +9.1% |
| 3 | Tether (USDT) | $0.9990 | +0.0% | +0.1% |
| 4 | BNB (BNB) | $558.19 | +1.5% | +0.9% |
| 5 | USDC (USDC) | $0.9998 | +0.0% | +0.0% |
| 6 | XRP (XRP) | $1.08 | +2.6% | +5.1% |
| 7 | Solana (SOL) | $80.70 | +5.3% | +22.5% |
| 8 | TRON (TRX) | $0.3175 | +0.2% | -2.0% |
| 9 | Figure Heloc (FIGR_HELOC) | $1.03 | +1.7% | +0.5% |
| 10 | Hyperliquid (HYPE) | $66.39 | +6.0% | +5.6% |
Ranked by market cap. Data: CoinGecko, as of July 02, 2026 20:17 UTC.
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Emma Newbery has positions in BNB, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Hyperliquid, Solana, XRP, and iShares Bitcoin Trust. The Motley Fool recommends BNB and TRON. The Motley Fool has a disclosure policy.
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